JP Morgan Upgrades Nucor to Overweight, Raises Price Target to $174
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Nucor (NYSE:NUE) from Neutral to Overweight and increased its price target from $170 to $174, indicating a positive outlook on the stock.
September 09, 2024 | 12:10 pm
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POSITIVE IMPACT
JP Morgan analyst Bill Peterson has upgraded Nucor from Neutral to Overweight and raised the price target from $170 to $174, suggesting a positive short-term outlook for the stock.
The upgrade from Neutral to Overweight by JP Morgan, along with a raised price target, indicates increased confidence in Nucor's performance. This is likely to positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100